Dec 8, 2017

Uber inks deal with Singapore's largest taxi operator

Roslan Rahman/AFP/Getty Images

Uber has agreed to sell a majority stake in its Singapore-based car rental business to the country's largest taxi company, ComfortDelGro, for SG$295 million. The combined venture will be valued at SG$642 million (US$474 million).

Why it matters: Uber competes in Singapore (and the rest of Southeast Asia) with local rival Grab, and this latest deal is sure to stiffen their competition. Grab is backed by SoftBank, which is currently in the midst of negotiating an investment in Uber.

  • In Singapore, Grab has an estimated 10,000 licensed drivers, and the deal will give Uber exclusive access to ComfortDelGro's 15,000 drivers, according to TechCrunch.

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The big picture: Floyd's fatal run-in with police is the latest reminder of the disparities between black and white communities in the U.S. and comes as African Americans grapple with higher death rates from the coronavirus and higher unemployment from trying to stem its spread.

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Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

India extended its nationwide lockdown — one of the longest-running in the world — on Saturday, as deaths and infections rise, per Johns Hopkins. The country also moved to allow restaurants, hotels and churches outside of hotspots to begin reopening.

By the numbers: Nearly 6 million people have tested positive for COVID-19 worldwide and over 2.5 million have recovered from the virus. Over 367,000 people have died globally. The U.S. has reported the most cases in the world with over 1.7 million.

Updated 4 hours ago - Politics & Policy

In photos: Protesters clash with police nationwide over George Floyd

Police officers grapple with protesters in Atlanta. Photo: Elijah Nouvelage/Getty Images

Police used tear gas, rubber bullets and pepper spray as the protests sparked by the killing of George Floyd spread nationwide on Friday evening and continued into Saturday.

The big picture: Police responded over the weekend in force, in cities ranging from Salt Lake City to Atlanta to Des Moines, Houston to Detroit, Milwaukee to Washington, D.C., Denver and Louisville. Large crowds gathered in Minneapolis on Saturday for the fourth day in a row.